Xplora Technologies AS: Monthly Subscriptions Update October 2024

06 Nov 2024 08:00 CET

As of October 31, 2024, Xplora Technologies has 327k subscriptions, a 43%
increase from October 2023 (229k). This month's highlight:

- 11k new subscriptions (gross)
- Launched the service bundle with Freenet AG, announced 2 April 2024,
generating 1k new premium subscriptions in two weeks

We expect our churn rate to be consistent with historic numbers, but now
churning from a higher subscription base, we expect a more moderate net growth
in subscriptions.

Note: Subscriptions encompass connectivity plans (mobile subscriptions),
premium services, B2B service revenues, and service fees for Xplora
smartwatches without Xplora mobile subscriptions (Nordics). Xplora has
seasonal changes, especially related to Back-to-school and the Festive Season.
The net growth in the subscription base will therefore fluctuate throughout
the year.

For further information please contact:
Sten Kirkbak, CEO, +47 92203710, sten.kirkbak@xplora.com
Knut Stålen, CFO, +47 92043458, knut.stalen@xplora.com

About Xplora Technologies AS:
Xplora is a platform and services company and an industry leader in the market
for children's smartwatches. Xplora was founded to give children a safe
onboarding to the digital life and a better balance between screen time and
physical activity. Xplora's vision is to enable children around the world to
experience how their everyday activities can create value and make a positive
change in the world. The company is headquartered in Norway with operations in
leading European markets. Xplora is listed on Euronext Growth under the ticker
symbol XPLRA.

More information:
Access the news on Oslo Bors NewsWeb site

631347_Xplora Technologies AS- Monthly Subscriptions Update October 2024.pdf